HomeMy WebLinkAbout2443 b. Te P~p~u. cun~pN w~~A ~nd ~Eid~ bn ~+~A ~nd ~wry n~qr4~~ans, prNm~nh. cw~t~au ~nd cov~n~na in u;d pran:i~ery na~ ~n0 d~W ~a ~aw~.
7. 11 ~r ol ~M wnr of mw+w AM~+n ~d~rr~d b b~ eW poinoNY ~nd fulh w~d wi~Ain ~AinY l]O) d~n n~a~ ~f~ ~M a~ ~wer~lly b~can~ d.» Md wr~t~,
or if t~tA• ~nd ~vNy My Nqu4~ieM. ayr~nn~nt~. cond~iar. snd cov~Mnb of ~~id paniiiory noM and M+i~ monpp~. a•i~Mr. M~ na duly pKf«nw4 caro6~d
wiM M+d ~bid~d Mr. NN +9yp~a sww nwman~d iw s~id aomhwrr noN ~Mlt b~ca~r dw ~nd WY~bb faMwid~ a ri+kwftM H Nr oW~on of ~M Ma~y~qN.
~s Ivtqr ~ cawbaN a N s~id pprpaa ~uw~ 01 ~wnw vru aiyin~ll~r uipuA~~d to b~ wtd on wcA dw. MvM~iMt M+aid+Parwluory noN w Mqin a N»
caln~ry nOlwiNafM~dinp. .
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t. To d~tiva W wid Morq~p». ow w A~tor~ /Wreh 13fA of wcA I~r ncwp4 widmcin9 M» p~y~n~ of ~11 I~wf~lly irnpokd f~~M iw ~M p~c~d~nq
c~Mndw y~M. b d~liv~r b wW Mo~t0+9M. ~~niP~s widw~tinq 1M WY~m o! ~I) ti~ro 10? VuWic iwiprw~nynN WitAin ninNy (90) d~YS ~t1« 1M unw ~A~11 Mcaw~
dw ~nd WYaON. aed b WY a dyeMr~ wiM+in einNll tq01 d~» ~Hr du~ d~N. ~nY ~nd atl po~r~.nnw+~d hvia et.~1 ~y b~ nwh on N~ ma~9+9~d v~ovK~Y.
on tlww morty~p~ or noN. o~ in ~ny oM~ w~Y nsvltinq iraw ~M Matp~p~ ind~bqdn~a acw~d Ar N~i~ narW+9r, ~nd il tlw~ condition M nW con~G~d w~~A ~nd oa-
f«n~d. Mid inor~p~pN nwy p„r wcl~ suw~ a~ww wAicA ~MII E~eow» o+et of ~h~ d~b s~cw~d br ~A:t nartp~p~. and ~MH be~? InMM~ a~ Nw et ~ia pw eau.
fA%1 0~? o+r~b4 +~we.rrw~llp wuil p~id w Nid Maty~yw nyY ~Nct Mp u~d narqp~ d~M MN~upon b~can~ dw ~nd WY+pN IwMwiM. ;
9. h i~ iunlw. co+~nNd and aqrhd bY u~d W.ti~s tirl in ~tr w~nt o/ • ~uit b~inp in~t~af~d ~o io+uloN Mit nwrt~p~. Nw Morty~yk ~11 b~ ~nriN~d to
~voh n~wy tin~ wnsiiq wd Iar~clw~w~ ~uit te tM cowt MvMp Iw~~dk~an M~.wf fo. N» ~oooa+~~~ OI • IKfiVM of ~11 ~nd ~inqul~r dN mor~wq~d wooKhl. S
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~nd e~ ~11 tM ne~h, incon+~~. po(i», iawh a~d ~~v~nws Mwwl. fraw wMtwwN ~owc~ d~r~wd: and fMr~~oan i? is Aw~v e,we~~M coveo+m~d and ~prNd
tM~ dN eourt dwN forlhwiM apqinl a?~e~vw d s~id n~afWy~d 0~~~1/. dl snd ~inpular. w~d' 01 ~utA e~nM. ~etanwi. Mofib. istw~ a~d tw~nu~ 1Mrw1. fron~
wMho~vn sawp daivrd, witA dr wwl powp~ ~1 duti~a o/ ncriwn in Gk~ uan: ~nd sud~ ~ppo•nt~nl aMll b~ ~nd~ by aucfi c«wt ~s • m~th~ ol ~nict ripM ~
ro ~M Morty~yN. iN wawwra, bpd r~pn~~nqrivM or suiyra. and wiiAp~ n}a~ b/M ad~vwcr a in~d~pu~cy of N» v~lw of Hw wopK~y ha~py wa~~p~p~d
a a tM wlwncr a Mwlwncy of N» Nbrtp~qa. ~+d ~Mt ~ud~ r~M, polia. inco~. iuws M+d r~wnwa ~Mlt 6~ ppli~d ~r wcA r~nivM fe Nw p?ynNn~ of ~M
e+w~p+y~ G+d~badmsa cwa ~nd dwyw. aaadi~q a~M ordw ot wd? cowt. 4
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10. If ~ eonvhra~a tAould b~ ~d~ b~r 1M 1Norq~qo~ of 1M pe~n~sM Iw«e dticrip~d, a a+y pHt Mrrw1. wi~hwrl th~ wei~Nn conwnt of Nr MoHy~p». u~d ~
wi~aA p~un~p~~on h rpular Ior.w W taw by tM Y?~nt« of M~ oWippion b th~ Morpsp~ cr~aNd by s~W pranisfory noN ~nd Mi~ ~nortp~q~. Nwn. «+d in tM1 ~
~v~nf. M+d ~t M» oWien d ~M Matp~pN. and wiMa~ naic~, dl wwu of moewY »cured I+K~bY ~+II inrrr~~NN ~nd ca+ewrwuM wiM such conwyanc~ b~come
du~ and pr~rabb ~nd in eMtwh. i
11. 7Mt ie N~ w~nt dr P~«wisN Iwney mwtp~q~d, W MY PWf 1hYMI, sMll M condamed ~nd ulc~n fa qrWie uN w+der N+~ powK o~ «nimnt'donrin,
rh. Ma+y~y.~ Mw +M .ioM a dnw~nd Nw •tt dan.yn aw.rd.d for ~M at~np o~ w d.n,.9a a s.~d p«wis.s .h.11 b~ a~d a M. M~ohp~o~. ~w ro+M •n~o~n~
eh.e~ u.~td a~ Mw wwr+yp. aed n~M oMan o+ +tr Mo.~yay.~ err b~ +oo~~•d uao~ M. parn~«+a I.u ay.et~ +M..oe. i
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12. ihf wqrf~qsr bind~ Aiwndf nef b encf a p~rarf b b~ ~r~cNd ~eqr n~w buildi~qs on tA~ p«nifp Mnin nwrp~q~d or b~dd b w permit b b~ ~dd~d
ro~r of 1A~ ~aistwq iw~prov«np~M d~~on w~ak~ ~y clwqu a ~Mer~tio~u in uid impov~a+snh vA+icA nrhriallp ~h~ny~ q» s~ er ?h~ us~ th~not, w~thart
tM wriM~n cpu~nl of M~ MorppN. and in th~ ~wnt o1 ~ny va4rion a~ttemW a v:olaf~ fl+ii s~ipubrion Mis eqny~y~ and ~11 s~na s~cw~d I~~by sMll im-
er6~hly beaen~ du~ ~+d eolbce~bl~ ~t 1M option of IM JMonp~p». ~
13. tt is. sp~cif~ullp sqNd Ny~ t~ww a of th~ es~nc~ ol Nus contract ~nd ~hat no w~ive~ of ~nY oEti9ation I~wnJ~ a of the oblip~tion s~ewed 1wr~by ihall a~ any
u~ M IrW w b~ ~ wavw o( tM Nrna h~rwf w of tM ~nserw~ee~~ secw~d Mr~by. i
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11. Il for~claw~ proc»dnp~ of ~ny s~cond mwtpaq~ a Ncond trust dwd or ~ny ~„nior li~n of any lind aAoold p~ im~it~Nd. tM Monp~ge~ m~r. a~n optton, ~
~mnrd'unly e~ fMraffe~ d~cNr~ ~hif mwtp~p~ ~+d H» ind~W~dmas ucw~d MnbY dw ~nd wr~Db foreAwiNy axd nrY ~t iN oo~ca+ aoce~d fo Ia«lo~~ N~~s y
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13. To tlw ~at~ of t1~ ind~sr~~~ oF tM Matq~qw b tM Mo?type~ cMscr~Md Fw~in w secwed h~r~by th~ Atwtp~qe~ is Mreby i~bro~~ed a~M li~n or
I;~eu ~nd b Ih~ riphb of ~M ownMS and holdns ~MreoF oI t~ch ~nd rvwy n,ort~q~ IiM w qMr incuenlnw~t~ p~ dr Iand dpcrip~d herein whieh i~ p~id ~nd/a
ut~sf:~d in wlwb a in qn wr~ oF th~ proce~ds of tM ~wn deacrtbed h~rein a~currJ huebr. u~d N,~ resp~ctive I:~ns ot s+id mw~9ages. t~sns a Whe. 1au~nbances
shall b~ ~nd tM. swr.~ and wd~ of Nwm Aueey is vns~rv~d and shap psss ro and b~ MM by ~M Mor~p,qe~ Mr~in ~s Na,.iey for dr indeb~ss a fM Mw~9.q»
Mr~in desc~ib~d a Aereb~r secw~d, ro tM sa~ e¦tee~ Ny~ i~ wwld Mv~ been p~sN~:d snd would hav~ b~en pass~~ w and oeei+ MM by ~M Mwtyp~e Md i~ been
duly ~nd repul~ry ~uiqe»d, harof~rr~d. s~t ow snd d~livw~d umo tM Mony~qe~ by s~px~h de~d of ~uiqmunt noew;eMpndinp ?M iM tAat fM s~ mar be
~•f~,f;~d ~nd cancNbd af ncorA, i~ beioq eA~ intim~on ot tlw prr~es he.eto elwr rh~ sa~rr w~ll E~ s~t~sfi~d u~d c~ll~d of r~cad Dy ~he holders rMrwf w ~Soo~
tM tiny of tM r~tordinp of d~~s inaty~q~.
16. To paY •11 and s~nyul~r ~he cosn. cM.qes and e¦peeses. ~nctud~ng lawyer'a fees. re~sonabl~ ~nc~ned a pa~d a~ any ~~r.K by ~he Morrqaqee. beca~ec o{ ~he
~a~'ure of rhe Mor~qagu. to pe.(win, coenply wnA ~nd ab~de by sxh ~nd e.Nr rhe sr~w,4rw~s, aqresmen~s, cond~~ona. a.+d co~nnanes of sa•d pom.~so.r ~~e ind eh~i
oeed. a ~.rlser. snd ~verY ~ucA wy~++ents sM11 bea~ in~ereat frorn d~~e at rht ~~ee prov.ded ~n sa~d pom~sso~v no~e
17. 1Nh~n ~ny ~w~wro of n~wwY b 6~ W~d bY tM IYbrfy~qq? to tM MwtysqN urdtr M~ Mrrm M~~o1 alwll b in defavlt. or lhoutd +M Mort~pw dehult in
s~y of ~he odw fernu, pevisiom p cond~tioro of Mia Mortyp~, tMn and in th~+ c~s~ the Matqage~ ahsll luv~ tM riqht. wi~houf notKe ro tA~ Morty~yw. -a
coltecr ~nd r~ctivr 6oe~ ~ny ten~nt a le~?N of s~id matpp~d pernis~a IA~ r~nb, iuws and po(~b of N» rwl ~stat~ Mr~by inwtyayed ~nd Mr improvemrnq {
M+ereon, and b piv~ propr i~c~ipts ~nd xq~,inrrcn tMr~for. and aftw Wy~n9 •tl comn+~:s~oen of ~r rent~l ~qeru colkcrinp tM sam~. ~nd ~ny re~sonaW~ ~~rorn~y's
~~es +nd oMNr ~xe~u~ry ~ip~eup incwnd in eolbctieg s~. b apply tM poceeds of such colkctioen upon ~ny indeW~dness. obl:~tion w liabitiM. o{ Nr
Mutqpor hpeund~r. Th~.rpht qr~ntsd flr Map~y~~ arnd~r Nws p~rprapA ~hal1 be in addi:on %~nd shrlt not IiR.it a r~ahip, u~y wMr r:qh~ a riyhfs qranfed
rh~ Mwlp~pN in Mis Mony~qe. .
tf. If ~he Morp~qo~s M du t:.n~ oF ~r.~kinp this Mor?q~p~ a subs~p~w+i thsr~to Nk~ ovt 1~f~ imur~nc~ d~siqrytioq ~ Mwfp~qN Ae.ei~ p benefici~ry with •
companY ~PP~oved by NN Morly~pN a auiqns polKi~f to tM lMo~tq~qa~ iw th~ DwDOa~ o! uturiny thi reWitpap~ losn hereby settrt~d. Min N» MoNq~qee sMll
Mve ~M ~iyh/ b WY +^Y P~~a~ium acwuirg ~w+dv said policies. ~rd sll ~wna so e+aended shaN be added a and bcorn~ ~ W?~ oi Nw Wi~cipd_indeMedness secur~d
by this Mw~ysy~ ~nd ah~ll M p~id b~r tM Mo?~p~9w ro~M A6aty~yee io trvelw ~qwl conuc~iive mon~hly imul4wr~ts. tlr first mond~lq imtdt~nt W M psid ~s •
part o} tnd in ~dd"tion b tM mw~thly pay~nt dw under tAis Morty~q~ i~ th~ f:n1 ulend~r month fottowieg 1M •ap~ndeq of s~id awn. S~h sw~.t io t:p~~ded
ro b~~r :nt~rnt a! M» riN at wAich intK~st is paY~bl~ upp~ s~:d p;nc;pal indeb~~dness and tM li~n of tl+is
Mortq~p~ sMll ~aw~d b s~d s«ur~ ~M sw+a w cip~ndsd
toqeMe? wi~A infwaf d+wwn a her~~nalor~ pavid~d_
l9. 7Aot lopN6er wif6 awd is ~f'aw b/M ~onfulp poyw~nt of principd owd inlerest popuble rwd~? 1M eer~s of t6~ nob sec~red her~bp. AAort9oyor
shdl poy b Morlpoq~~ eacA ~ontl~ wf~ soid noM it fullp paid, w~cMlfM~ (1/12) of o sw~ prol to N~ onwud prNiw d~re for li~~, e:rended ca?e,oQe.
and otber i~wd 'a~w~anc~ oowr'eY P~~h. p~vt twces w~d aas~a~enb w~xt drs w t4 wat~o~d pr~rrM (dl os estiwoted bq Mortqay~e)
less aM wws ol~~ody poid f~erda, awd to b~ d'~d bp tlr au~~ of ~ontba w ilopse pr:w ro t4 dote ohtw s~6 "twies oad osus+weh sMdt 6ecoa~e
dei7nqwwf. Soid f~r~s s1~aN b~ i»Id b~r Mwlyop~~ iw Must or aedited b H~e pri~cipal of tl~e bo~, fo pop soid iwwranc~, b:~s. w~d w+ess~a~b ond slwll
b~ opplied ow 1iw porwewt Ilwwf wMn dw. Awr eiavss I~eld in trYSt b~r Nbrtyoy~ ~rUen soid bon a poid i~ foll shaN b~ poid w ~Aorqopor. o~ Ais
~siiyns. w. perw~al.«presedolin~s. 1~ tln Mwt oi a defo~dt w forecbsv~~, wid srws wld in hYSt ~ror be applied on a~r eosh oF doa~oye~ wsroieed in
connacfioa wilM 1M ootlMion of iUt wob s~nrred Iweb~ v~A~tl~ bp wit, for~closvr~, w ot4rri~e. Mwqopee ~op fro~ ti~e b tiwe o1 its optiw~ vroive.
and ofNr ony s~rt? raite~. ~uRSta/e oey w oM pro~isiows her~pf ~p~iriny wtA d~posifs, br ~ofic~ ro Mor/9opor iw ~rritiwp_ Whie ouur wch woi~er is in
effect, 1iAortOopp~ sholl pa~ Wices, ossesswents and 'an~~once pre~i~~s as I~e?tin ~Ise+rlwre pro~ided.
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IN WIINESS WiIEREOF, ~M said Nbrfp~qor M.~unro ~MS hia hand a~d s~N Mis fh~ d.y .nd finr ~boN wrift~n.
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~ S~qRed, stakd and delivered 7 . EAL) i
iM a~M• Cla to C. M 1
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Marcella G.`Mamele `
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